Blank Canvas rides white wine wave as New Zealand wine sales soar in China
If you find a new consumer in a developed wine market, you are taking them from someone else, says Blank Canvas co-founder Sophie Parker-Thomson MW.
BNZ senior economist Craig Ebert says he doubts the crisis on the Chinese sharemarket will trigger a wholesale collapse of the Chinese economy.
But he says there could problems if the present situation continues long term. Ebert says the Chinese sharemarket rose quickly earlier in the year and has now fallen back to what it was.
"In many ways it's a healthy correction, but we are watching to see if it has any ramifications and any effect on the wider Asian region. We have noticed that it's starting to affect some of the other Asian equity markets, dragging them down and knocking confidence. But it is still a moot point as to how economically important this is," he told Rural News.
Ebert says the boom on the Chinese sharemarket was caused by officials promoting it, prompting a "collective rush to the door" and people going crazy and investing on the market.
Some of the rules for trading on the Chinese sharemarket are immature by western standards, he says.
Ebert doubts whether this crisis will cause the wheels to fall off the Chinese economy. But he says with China being NZ's major market the turmoil in the market is clearly not good news.
OPINION: Nothing it seems can be done in the short term to get Donald Trump to change his mind about removing the unfair 15% tariffs that he’s imposed on New Zealand exports to the US.
A charity that connects young people with farmers for two years of on-farm training is reporting 150 student applications for its 2026 intake.
It’s been a long time coming, but the FMG Young Farmer of the Year Grand Final is returning to the Naki for Season 58.
The Government has appointed three new members to the board of state farmer Landcorp Farming Ltd, trading as Pāmu.
North Canterbury pig farmer Steve Sterne has been honoured with NZ Pork's Outstanding Contribution Award, recognising his 27 years of dedication to excellence in the sector.
Hawke's Bay's loss is Canterbury's gain with the opening of a new state-of-the-art soil testing laboratory for the Ravensdown subsidiary ARL (Analytical Research Laboratories) at Rolleston.